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Property profile & analytics
FOR LEASE
Retail space
625 Chandler St 2 Worcester, MA 01602
Entity Owned
1-yr Hold
Free & Clear
Property ID
US38-1886029
For Lease
$3,500/Mo
625 Chandler St,Unit 2, Worcester, MA 01602
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,760 SF
Lot
0.26 ac (11,470 SF)
Zoning code
BL-1
APN
WORC M:30 B:002 L:00006
UPID
US38-1886029
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
L A Nails Hair Salon Nail Salon
-
Finlay Engineering Services- Civil Engineers & Land Surveyors General Contractor
-
Worcester Fire Fighters Advocacy Group
-
Tatnuck Dry Cleaners and Alterations (Bike/Boat/Book/etc) Store
-
NEYRA Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$633k
Blend (final)
Blend
$685k
Owner & transaction history
Markopoulos & Sons LLC · 1 yrs held
Markopoulos & Sons LLC
since 2025
Last sale
$750,000
5 recorded transactions
Zoning & alternative use
BL-1 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$815,000
+17.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Worcester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Worcester submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$640,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$695,000
Current use
AUTO REPAIR, GARAGE
$815,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$600,000
Change: -14% · Conversion: Moderate
OFFICE BUILDING
$595,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $750k (Apr 3 2025)
Last sale anchor
$750k
Apr 3 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$144 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$15,110
Tax year 2024
Assessed value
$503,000
Assessed 2024
Previous assessed
$476,900
+5.5% YoY
Effective rate
3.00%
On assessed value
Assessed land
$206,200
Assessed improvement
$296,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
4
Total area
4,760 SF
Lot
0.26 ac (11,470 SF)
Zoning code
BL-1
APN
WORC M:30 B:002 L:00006
UPID
US38-1886029
Jurisdiction
WORCESTER
Zoning & alternative use
BL-1 · Worcester, MA
Zoning BL-1 · permitted uses
BL-1 · Worcester, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Worcester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$600,000
OFFICE BUILDING
Est. value
$595,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
4
Lot
0.26 ac
Current owner
From public records · entity-resolved
Markopoulos & Sons LLC
Entity
Free & Clear · 1 yrs held
Mailing address
625 CHANDLER ST, WORCESTER, MA 01602-1777
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2025
$750,000
Markopoulos & Sons LLC
Worcester Firefighters As
Deed
—
Aug 30, 2016
—
Worcester Firefighters
—
Deed
related
$75,000 · Spencer Savings Bank Sla
Dec 7, 2011
—
Worcester Firefighters
—
Deed Of Trust
related
$86,000 · Spencer Savings Bank Sla
Mar 26, 2003
—
Firefighters 1009 Ia Worc
—
Deed Of Trust
related
$150,000 · Commerce Bank & Trust
May 6, 1999
$273,000
Worc Firefighters Assn
Bourque,conrad A
Grant Deed
$175,000 · Flagship Bank & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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